Foundation & Approach of Management

The general foundation for corporate governance is stated in the Articles of Association of Garuda Indonesia. To strengthen this general foundation, Garuda Indonesia committed to implement the GCG following the signing of the Joint Commitment Declaration by the Board of Commissioners, the Board of Directors and Chief Employees on 1 April 2003. Since the Garuda has implemented GCG consistently in phases and has performed continuous improvements and enhancements.

The Corporate Policy Manual (CPM) as one of the mechanisms of corporate governance systems has been utilized as a reference in determining operational policies for the Company. In addition, with the launch of the Board of Commissioners and Board of Directors Charter containing guidelines for working relations between the Board of Commissioners and Board of Directors, Garuda Indonesia more clearly defined the principles of accountability, responsibility and independence in implementation of GCG for Director, Commissioners and Committee levels according to the best practice of the best GCG principles.

The Company Corporate Governance Report has been prepared based on the principles of corporate governance that was issued by the National Committee on Governance Policy at the end of 2006.

The approach of the Company in developing and implementing corporate governance is to initiate adjustments between corporate governance initiative and strategic programs.

Dimuat pada tanggal 30 April 2010
Sumber: Laporan Tahunan PT. Garuda Indonesia (Persero)